According to Peter Drucker, Known a Noted Management Expert, the Ability

question 45

Multiple Choice

According to Peter Drucker, known a noted management expert, the ability organize and express ideas in writing and speaking is:

• A)the most valuable thing for a future employee to know.
• B)a basic skill learned in college.
• C)a skill one learns on the job.
• D)an ingredient vital for life success.

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Definitions:

Fair Insurance Policy

An insurance policy for which the premium is equal to the expected value of the claim.

Risk-Averse

The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Marginal Utility Curve

A graphical representation showing how marginal utility depends on the quantity of the good or service consumed.